• BlameThePeacock@lemmy.ca
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    8 hours ago

    The billionaire fortunes pale in comparison to the trillions of dollars of unearned appreciation owned by regular home owners.

    It’s the unearned part that matters most, at least capital investment has some benefit to the economy. Real estate appreciation adds literally zero value to the economy.

      • BeNotAfraid@lemmy.world
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        7 hours ago

        By Purchasing up and holding the supply empty, artificially creating the housing crisis by lobbying against affordable housing construction and exploiting the rent economy of our cities. The rich are outcompeting us for resources.

        • entwine413@lemm.ee
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          7 hours ago

          What do regular home owners have to do with it? Most regular home owners only own one home.

          • BlameThePeacock@lemmy.ca
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            4 hours ago

            I’ve made a million dollars in appreciation on my home in the last 15 years.

            Are you telling me just because I own one home, that I’m not part of the problem?